The main market drivers
Trading on Monday from the start of the day remains restrained and multidirectional. The main driver of trading remains optimism on the stock exchanges, which provided support to commodity assets. But in conditions of uncertainty and geopolitical risks, the multidirectional dynamics of the market remains very impulsive and unjustified, which makes trading very volatile, even in the absence of significant data.
The US dollar index showed mixed dynamics throughout the day. In the morning, it was traded with strengthening, receiving support from the growth of optimism. And after that it moved to correction after growth, which confirmed keeping the side channel from 99.00 to 98.70.
Fig. US dollar index chart. Current price – 98.80 (10-year US government bonds yield – blue line)
Read also: “The British pound is growing on Johnson’s failures”
Andre Green
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